Bill
Bill > SB2145
summary
Introduced
02/02/2026
02/02/2026
In Committee
02/03/2026
02/03/2026
Crossed Over
Passed
Dead
Introduced Session
2026 Regular Session
Bill Summary
An Act relating to public trusts; requiring public trusts to obtain voter consent before issuance of debt; providing construing language; providing for codification; and providing an effective date.
AI Summary
This bill requires any public trust established for the benefit of the state or a local government, such as a county or municipality, to obtain approval from a majority of registered voters in an election before issuing any debt, which refers to borrowing money. This requirement specifically applies to trusts that are authorized to issue debt under Articles X and XI of the Oklahoma Constitution, which are sections of the state's foundational legal document that govern public finance and debt. The bill also specifies an effective date of November 1, 2026.
Sponsors (1)
Last Action
Second Reading referred to Rules (on 02/03/2026)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | http://www.oklegislature.gov/BillInfo.aspx?Bill=sb2145&Session=2600 |
| Fiscal Note/Analysis - Senate: Introduced | https://www.oklegislature.gov/cf_pdf/2025-26%20SUPPORT%20DOCUMENTS/BILLSUM/Senate/SB2145%20INT%20BILLSUM.PDF |
| BillText | https://www.oklegislature.gov/cf_pdf/2025-26%20INT/SB/SB2145%20INT.PDF |
Loading...